IOR 0.00% 0.0¢ indiore ltd

I believe in cash receipts, sales are fine but its cash in the...

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  1. 4,695 Posts.
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    I believe in cash receipts, sales are fine but its cash in the bank that counts. I've already explained the problem in India where companies never get paid. If the money isn't in the bank then its not worth doing the job. You'll only lose money. I've been in business for 40 years and only once I wasn't paid in full and the bloke took off to WA.
    Since then its no splash with no cash.
    So its cash receipts in my book.

    So this is from NSL now IOR sales from ASX announcements.
    Sales Dec qtr 2015 = $7000
    Sales Mar qtr 2016 =$6000
    Sales June qtr 2016 =$11,000
    Sales Sept qtr 2016 =$4,000
    Sales Dec qtr 2016 =$3,000
    Sales Mar Qtr 2017 =$3,000
    Sales June 2017 Qtr = $10,000
    Sales Sept 2017 Qtr = $181,000
    Sales Dec 2017 Qtr = $382,000
    Sales Mar 2018 Qtr = $173,000
    Sales June 2018 Qtr = $928,000 a marginal improvement but still losing $1.5 million
    Sales Sept 2018 Qtr = ?
    TOTAL $1,708,000
    What a great effort for an iron ore miner.
    So in nearly 3 years NSL (IOR) has made $1,708,000 in sales of iron ore.
    NSL (IOR) has never been paid $65/tonne.
 
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